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      The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France
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      • Home
      • Countries

        Top Destinations:

        Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

        • Spain
        • Portugal
        • Panama
        • Belize
        • Colombia
        • Cyprus
        • Mexico
        • France
        • Montenegro
        • Browse All Countries

        Best For:

        • The Best Places To Retire
        • Health Care Abroad
        • Cost Of Living
        • Investing in Real Estate
        • Establishing Residency
        • Gun Laws In The World
        • English-Speaking Countries
        • Safest Places For Retirement
        • Best Places In Latin America
      • Budgets

        How Much Will It Cost You To Live Overseas?

        The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

        Super Cheap

        • Chitré, Panama
        • Santa Marta, Colombia
        • Phuket, Thailand
        • Dumaguete, The Philippines

        Cheap

        • Medellin, Colombia
        • Boquete, Panama
        • Kyrenia, Cyprus
        • Hua Hin, Thailand
        • The Algarve, Portugal

        Affordable

        • Valencia, Spain
        • Cascais, Portugal
        • Las Terrenas, The DR
        • Pisa, Italy
        • La Rochelle, France
        • Mazatlán, Mexico

        Luxury

        • Ambergris Caye, Belize
        • Kotor, Montenegro
        • The Panama City Beaches
        • Paris, France
      • Resources

        Global Living

        • Living & Retiring Overseas
        • Raising A Family Abroad
        • Foreign Residency & Citizenship
        • Offshore & Diversification

        Making Money

        • International Real Estate
        • Banking
        • Employment
        • Investing

        Follow Us:

        • Meet Our Experts
      • Real Estate

        Join our Weekly Newsletter
        Overseas Property Alert

        Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






          We Value Your Privacy! We will not share your email address with anyone else, period.

          Buying Real Estate For Cashflow

          • Discover tips and strategies used by global property investing veterans

          Explore Our Latest Posts

          • Learn how to invest and purchase property abroad…

          Go To The Overseas Property Alert Site

          • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
        • Conferences

          Upcoming Events

          • Explore Our Events Site

          International Property Summit

          Caribbean Virtual Conference

          Live and Invest In Spain Conference

          PANAMA CITY, PANAMA

          June 18-20, 2025

          VIRTUAL

          July 17-19, 2025

          Valencia, Spain

          Sep. 17-19, 2025

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          LEARN MORE
          PRE-REGISTER
          LEARN MORE
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          • MORE EVENTS

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          Toll-Free U.S. and Canada:
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          From Outside North America:
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          Monday – Friday 08:00 am – 17:00 pm EST.

          Reach us with your questions by email at: events@liveandinvestoverseas.com

        • Store

          Unlock The World

          • Access Your Library

          Overseas Havens Reports

          • Expats' comprehensive destination guides

          Conference Kits

          • Hours of coverage  from our latests conferences

          Lahardan Books

          • Titles on living and investing around the world
          • Explore Our Store
          Your passport to a life well-lived abroad

          Services

          overseas living letter offers affordable retirement guidance
          The Simon Letter Wealth Protection Insights
          Global Property Advisor Global Investment Opportunities

          Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

        • My Library
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          Home Retirement/Living

          International Living In Medellin

          Forget Everything You’ve Heard About This Place

          by Kathleen Peddicord
          Jun 20, 2023
          in Retirement/Living
          0 0
          Medellin City with the metro

          Medellín is full of both tranquility and bustle...

          American Rich Holman made his full-time move to Medellin, Colombia, seven years ago. After a divorce in the States, this is where Rich chose to relaunch his life. Why?

          “If I had to identify three reasons why I chose to relocate to Medellin at a time in my life when I really wanted a fresh start,” Rich explains, “they would be these: the weather, the lifestyle, and the investment opportunities.

          “After my divorce, I was in no position to retire. Rather, I wanted a dramatic change to a place where I’d enjoy life more while, at the same time, regrouping financially and building something with upside. I saw the potential for all of that in Medellin.

          “For me, one of the best things about living in Medellin is the weather. You have one season: springtime. We’re at 4,300 feet and near the Equator, so temperatures are consistently 72 to 80 degrees Fahrenheit with low humidity. Your main dressing decision is whether to wear a short-sleeved or a long-sleeved shirt.

          “At this altitude, bugs are almost nonexistent, hence no screens on windows or porches. The city is amazingly clean, even in the poor areas–no dirty bathrooms, no rotting garbage or litter in the streets, no animal feces. This is not your typical developing-world outpost. Medellin is a remarkably civilized place.

          “Five of the top-rated 35 hospitals in all South America are in Medellin. Plus, the cost of health care here is about one-third the cost in the States.

          “Transportation is affordable and efficient. Plenty of taxis (the average fare is US$3 to US$5) and lots of buses (fares around 70 cents). The aboveground Metro, which traverses north to south and east to west, is spotless, completely sans graffiti. The cost of a ride is about US$1.20.

          “Medellin has a great educational system, with more than 32 colleges and universities, almost as many as in Boston. There is a tremendous sense of community. In almost all 60 of Medellin’s barrios (neighborhoods), on any given evening or weekend, you’ll find friends and families sitting at small outdoor bars and restaurants and on their front porches enjoying themselves, always laughing and smiling.

          “If you like to party, you will have trouble keeping up with the paisas. Their energy for entertainment is inexhaustible.

          “I think at least some of their energy comes from their city. This place has a vibrancy about it, a great positive energy. It just feels good to be here.

          “This is an emerging economy. That translates to tremendous opportunities for entrepreneurs willing to put up with some negatives and some challenges. Speaking as one who has been running a business here for a few years, I can tell you that it isn’t an easy thing.

          However, I believe I’m investing now to position myself for the wave of growth I see coming.

          Start Your New Life Today, Overseas






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            International Living In Medellin, Colombia

            There are reasons why the world’s largest computer manufacturer, the world’s richest man, and the United States’ largest private real estate investor all have this year announced business operations in Medellin and Colombia.

            “The key to getting yourself established is local contacts. Without them, I’d say you’d find the process of trying to get yourself set up here overwhelming.

            For instance, you could meet with three accountants, four attorneys, and five branch managers of the same bank, ask them all the same question, and get 12 different answers.

            “You need to source advisors you can trust and then invest in building personal relationships with them. You also need patience. Don’t come here expecting to operate by logic. That won’t work. And don’t be surprised when people over-promise and under-deliver.

            “For me, the negatives and the challenges are all worth it, because, again, I see big opportunity on the horizon in Colombia, specifically in Medellin. I’m in the real estate business.

            Real Estate In Medellin, Colombia

            Right now, real estate in Medellin, on a cost-per-square-meter basis, is the least expensive of any cosmopolitan city in the world. That alone is enough to get my attention.

            Layer on top of that critical current reality all the many other advantages and benefits of this city, and it’s not hard to understand why I’ve chosen to restart my life here.

            “Colombia continues to suffer a stigma thanks to its past problems. There’s still a lot of ignorance in the international community. Which explains why foreigners still represent less than 1% of residential real estate buyers in Medellin. This is changing, though. And the rate of change is accelerating.

            “Being a gringo in Medellin is sort of cool,” Rich says. “The locals here, the paisas, as they’re known, they like us. They’re friendly, accommodating, protective, considerate, warm, and engaging. I can’t say enough nice things about them.

            “Their city is their biggest source of pride. If you want to bring a big smile to the face of any paisa, just tell him how much you appreciate and enjoy his city and culture.

            “Outside El Poblado (Medellin’s central zone), gringos are still a bit of a novelty, so we stand out. But in a friendly way.

            “Bottom line, this city offers enormous potential, for the expat, for the retiree, for the investor. Seven years on, I’d say that my decision to move here was the wisest of my life.”

            Kathleen Peddicord signature

            Kathleen Peddicord
            Founding Publisher, Overseas Opportunity Letter

            Tags: 'Colombia''real estate''retirement''South America'lifestyleMedellinoffshore investmentoverseasTravel
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            Kathleen Peddicord

            Kathleen Peddicord

            Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

            Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

            Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

            Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

            Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

            Start Your New Life Overseas Today!
            Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on The 10 Best Places To Retire In 2025.

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                  HOME

                  Top Countries

                  • Spain
                  • Portugal
                  • Panama
                  • Belize
                  • Colombia
                  • Cyprus
                  • Mexico
                  • France
                  • Montenegro

                  Best For:

                  • Health Care Abroad
                  • Retirement Living
                  • Cost Of Living
                  • Investing in Real Estate
                  • Establishing Residency
                  • Gun Ownership
                  • English Speakers
                  • Safety
                  BROWSE ALL COUNTRIES

                  Budgets

                  How Much Will It Cost
                  To Live Overseas?

                  Super Cheap

                  • Chitré, Panama
                  • Santa Marta, Colombia
                  • Phuket, Thailand
                  • Dumaguete, The Philippines

                  Cheap

                  • Medellin, Colombia
                  • Boquete, Panama
                  • Kyrenia, Cyprus
                  • Hua Hin, Thailand
                  • The Algarve, Portugal

                  Affordable

                  • Valencia, Spain
                  • Cascais, Portugal
                  • Las Terrenas, The DR
                  • Pisa, Italy
                  • La Rochelle, France
                  • Mazatlán, Mexico

                  Luxury

                  • Ambergris Caye, Belize
                  • Kotor, Montenegro
                  • The Panama City Beaches
                  • Paris, France

                  Resources

                  Global Living

                  • Living & Retiring Overseas
                  • Raising A Family Abroad
                  • Foreign Residency & Citizenship
                  • Offshore & Diversification

                  Making Money

                  • International Real Estate
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                  • Employment
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                  Contact Our Events Team:

                  Toll-Free U.S. and Canada:
                  1 (888) 627 8834

                  From Outside North America:
                  1 (443) 599 1221

                  Working Hours
                  Monday – Friday 08:00 am – 17:00 pm EST.

                  Reach us with your questions by email at: events@liveandinvestoverseas.com

                  Store

                  Overseas Havens Reports

                  • Expats' comprehensive destination guides

                  Conference Kits

                  • Hours of coverage  from our latests conferences

                  Lahardan Books

                  • Titles on living and investing around the world

                  Services

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                  THE 10 BEST PLACES TO RETIRE IN 2025

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